6 Lorewood 1/2 AveWilmingtonDE19804
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Wilmington at 6 Lorewood 1/2 Ave, Wilmington, DE, 19804 with 5% annual appreciation on a $395,000 basis while $2,342/mo rent supports operations. Total monthly income totals $2,342/mo and a $1,933/mo payment preserves $57/mo for cash returns. Annual cash flow comes to $682/yr on $130,943 deployed, and return on cash invested reaches 20.43% in year one. Equity gained on principal adds $2,549/yr, and five-year appreciation sums $109,131 alongside rental yield of 7.11%. Five-year ROI measures 105.1% and total cumulative return in cash totals $137,622.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,342/mo property income versus a $1,933/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1945
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19804, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,826 (100%) |
| Owner Occupied HU | 5,844 (74.7%) |
| Renter Occupied HU | 1,627 (20.8%) |
| Vacant Housing Units | 355 ( 4.5%) |
| Median Home Value | $281,986 |
| Average Home Value | $345,482 |
Housing Distribution
Address Breakdown
Residential
7,601
Single Family
6,871
Multi-Family
730
Businesses
985
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Listed by: Tom Riccio • RE/MAX Point Realty
Mls Name: Bright MLS
Mls ID: #DENC2088832